Following a new all-time high (ATH) of $126,199 on Binance, Bitcoin (BTC) is now consolidating in the low $120,000 range. Latest exchange data &#8211; such as Cumulative Volume Delta (CVD) Confirmation Score &#8211; suggests that BTC is benefitting from strong underlying demand. CVD Confirmation Shows Strong Demand For Bitcoin According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin’s CVD Confirmation Score &#8211; a 30-day rolling correlation between Bitcoin’s price and the CVD &#8211; is suggesting a strong resynchronization of the trend. Related Reading: Bitcoin Decouples From Miner Flows With -0.15 Correlation – What It Means For Price? For the uninitiated, the CVD Confirmation Score measures the 30-day correlation between Bitcoin’s price and the CVD, which tracks the net difference between taker buy and sell volumes on exchanges. A high score (above 0.7) indicates that price increases are backed by real buying pressure, while a low or negative score suggests weak or speculative momentum. Latest data from Binance shows that the CVD Confirmation Score currently hovers around 0.8 to 0.9, indicating that the current price surge is largely driven by genuine taker buying rather than a technical bounce or a short squeeze. Past data also suggests that whenever this data point has remained about 0.7 for an extended period, price corrections tend to be relatively shallow and short-lived. This is because new liquidity in the market quickly absorbs any incoming supply of BTC. The CryptoQuant analyst remarked that if the CVD Confirmation Score continues to hover above 0.7 &#8211; coupled with a decisive breakout above the $124,000 &#8211; $126,000 resistance zone &#8211; then it could be on its way to a potential target of as high as $135,000. However, any negative divergence with BTC price rising and CVD Confirmation Score dropping below 0.4 should be seen as a warning sign, as it increases the likelihood of distribution or liquidation pressure. Conversely, the $112,000 &#8211; $115,000 and $108,000 &#8211; $110,000 stand out as strong support levels for BTC. At these price levels, the CVD Confirmation Score should remain steady to ensure the uptrend remains intact. Arab Chain added: The underlying trend is bullish and supported by real inflows on Binance, the highest-volume exchange globally. Monitor three confirmation signals: CVD Confirmation stays high, open interest remains moderate, and funding does not become excessive. Any clear imbalance across these metrics will be the first warning of a momentum shift. Is BTC Due For A Correction? While bulls are hoping for an extended rally for BTC, some analysts aren’t quite convinced about the digital asset surging to new highs in the near term. For instance, crypto analyst ZVN recently stated that BTC may witness a pullback before its next surge to $150,000. Related Reading: Short-Term Holder Supply Rises By 559K Bitcoin – New Buyers Flood the Market Similarly, fellow crypto analyst Dick Dandy recently predicted that BTC may witness a massive 60% price correction, falling all the way down to $43,900. At press time, BTC trades at $118,791, down 1.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

يحقق البيتكوين نجاحًا كبيرًا على منصة بينانس، حيث وصل مؤخرًا إلى أعلى مستوى تاريخي له عند 126,199 دولار، ويستقر الآن في نطاق منخفض يبلغ 120,000 دولار. هذا الارتفاع مدعوم بطلب قوي، كما يشير إلى ذلك مؤشر تأكيد حجم التداول التراكمي (CVD)، مما يدل على أن المشترين يسيطرون بشكل كبير. هذا الأمر مهم لأنه لا يعكس فقط الاهتمام المتزايد بالبيتكوين، بل يحدد أيضًا منطقة هدف محتملة تبلغ 130,000 دولار، مما يشير إلى اتجاه صعودي في سوق العملات المشفرة.

El Bitcoin está causando revuelo en Binance, alcanzando recientemente un máximo histórico de $126,199 y ahora estabilizándose en el rango bajo de $120,000. Este aumento está respaldado por una fuerte demanda, como lo indica el puntaje de confirmación del Cumulative Volume Delta (CVD), que sugiere que los compradores tienen el control. Esto es significativo porque no solo refleja el creciente interés en Bitcoin, sino que también establece una zona objetivo potencial de $130,000, insinuando una tendencia alcista en el mercado de criptomonedas.

Le Bitcoin fait sensation sur Binance, atteignant récemment un nouveau sommet historique de 126 199 $ et se stabilisant maintenant dans la fourchette basse des 120 000 $. Cette montée est soutenue par une forte demande, comme l'indique le score de confirmation du Cumulative Volume Delta (CVD), qui suggère que les acheteurs sont fermement aux commandes. Cela est significatif car cela reflète non seulement l'intérêt croissant pour le Bitcoin, mais fixe également une zone cible potentielle de 130 000 $, laissant entrevoir une tendance haussière sur le marché des cryptomonnaies.

Bitcoin is making waves on Binance, recently hitting an all-time high of $126,199 and now stabilizing in the low $120,000 range. This surge is backed by strong demand, as indicated by the Cumulative Volume Delta (CVD) Confirmation Score, which suggests that buyers are firmly in control. This is significant because it not only reflects the growing interest in Bitcoin but also sets a potential target zone of $130,000, hinting at a bullish trend in the cryptocurrency market.

Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9, Signaling $130K Target Zone

Lower adjusted net asset value multiple means Strategy can no longer issue equity at a premium, threatening its long-term plan to accumulate more bitcoin, analyst Brett Knoblauch wrote.

شهدت أسهم Strategy انخفاضًا كبيرًا، مما دفع Cantor إلى خفض هدفه السعري بسبب انخفاض مضاعف القيمة الصافية للأصول المعدلة. وأشار المحلل بريت كنوبلاخ إلى أن هذه الحالة تمنع Strategy من إصدار الأسهم بسعر أعلى، مما يهدد خططها طويلة الأجل لتجميع المزيد من البيتكوين.

Las acciones de Strategy han experimentado una fuerte caída, lo que llevó a Cantor a reducir su objetivo de precio debido a un múltiplo de valor neto de activos ajustado más bajo. El analista Brett Knoblauch destacó que esta situación impide que Strategy emita acciones a una prima, poniendo en peligro sus planes a largo plazo para acumular más bitcoin.

L'action de Strategy a connu une forte baisse, incitant Cantor à réduire son objectif de prix en raison d'un multiple de valeur nette d'actif ajustée plus bas. L'analyste Brett Knoblauch a souligné que cette situation empêche Strategy d'émettre des actions à un prix supérieur, mettant en péril ses plans à long terme d'accumulation de bitcoin.

Strategy's stock has experienced a significant decline, prompting Cantor to reduce its price target due to a lower adjusted net asset value multiple. Analyst Brett Knoblauch highlighted that this situation prevents Strategy from issuing equity at a premium, jeopardizing its long-term plans to accumulate more bitcoin.

Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9, Signaling $130K Target Zone

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